Donahue Family Keewaydin Island and Gordon Pointe in Naples

The Donahue family is exploring the auction of 70 acres of beachfront holding on Keewaydin Island and Gordon Pointe in Naples.

The holdings comprise property the family unit has acquired over more than 40 years, beginning with a home off Gordon Drive in the posh surface area of Port Royal along the Gulf of United mexican states

John "Jack" Donahue and his wife Rhodora will keep their residences at 100 and 104 Bay Route, where Gordon Drive meets the inlet, but the rest of their property is upward for grabs.

A well-known Naples philanthropist, Jack made his fortune running Pittsburgh-based Federated Investors (he is a co-founder and all the same serves as chairman emeritus). Founded in 1955, the investment management firm has $364.one billion of customer assets under its control.

The family unit decided "the time is correct to further diversify its investment portfolio," according to their list agents at CBRE Grouping Inc. (one of the earth'southward largest commercial real estate services and investment firms, based on 2016 revenue).

The offering includes:

• set-to-build lots on the northern tip of Keewaydin;
• a lounge for arriving and departing guests;
• a 4,700-square-pes lodge;
• a beachfront single-family estate with about 16,000 square feet of space;
• tennis courts;
• a helicopter landing pad. (If yous don't take a helicopter, the only way to get to the island is by gunkhole.)

Gordon Pointe's 3 undeveloped lots are up for sale, along with a waterfront home and personal yacht bowl on Gordon Laissez passer, which tin accommodate a 200-foot yacht or three yachts up to 75 feet.

As well part of the package is the Bay Marina off U.South. 41 in Naples. The Donahues have used the private marina to shuttle people and supplies to and from Keewaydin. Information technology includes a repair store and slips for minor boats, said Robert McEwan, 1 of two CBRE agents marketing the holding.

The property is beingness marketed "as is" and every bit information technology's zoned. Up to 16 homes could be built on the undeveloped lots on Keewaydin.

"It's pretty amazing and unique," McEwan said. "There is but ane other place in Florida where the waterfront property is comparable and that is Palm Beach. That is where the big mansions are on the sea in Palm Beach."

The property offered on Gordon Pointe is the "2d highest-priced stretch of residential land in the United States," he said.

The offer also includes a 39-foot yacht, with room for up to 30 passengers, a construction barge, four pontoon boats and four runabout boats.

The belongings offering is unpriced, said McEwan, a commercial real manor banker and country specialist based in Orlando. After a brusk period of marketing, the listing agents will practise a call for offers, he said.

"At that place is just not another property like this in the land of Florida," McEwan said. "We conceptualize a lot of interest. Nosotros anticipate it volition sell rapidly."

The goal is to sell all of the property to one buyer, but offers for pieces of it will be "looked at," McEwan said.

Inquiries from potential buyers already have started rolling in, though marketing began just a few days ago, he said.

'We take extensive databases. This was sent out to over 15,000 prospects worldwide," McEwan said, referring to a 62-page confidential offer memo.

McEwan didn't desire to speculate on who could end up with the holding, which includes virtually 54 acres on Keewaydin Island.

"It can be sold either to ane wealthy individual, several wealthy individuals, or it can exist sold for development," he said.

The sparsely populated isle made national headlines in 2013 when James Brian Biden Sr. and his wife, Sara, purchased a v-acre slice of it virtually the southern tip. James is the brother of former Vice President Joe Biden.

Property records show the Bidens paid $2.five meg for their 3,500-square-foot, 5-bedroom, 3-bathroom domicile. Congenital in 1996, the home has waterfront views and a dock.

Nearly 85 percent of Keewaydin Island is government-owned, protecting about of it from development — and making the Donahue family'due south holding all the more sectional and attractive to buyers.

One time a Historic Place

Keewaydin used to exist known as Key Isle.

In the 1930s, the barrier isle was a winter retreat for Northerners and included a school for children of its developed guests. It was part of a string of Keewaydin Camps started in the 1890s. When the school faltered in the Naples camp, the army camp started catering to adults (reservations could be made just by personal contact or a letter of introduction), said Naples historian Lois Bolin.

Naples philanthropists Lester and Dellora Norris purchased the military camp in the 1940s. Afterward Lester died, his eldest girl, Lavern Norris Gaynor, took over management.

In Dec 1987, the Keewaydin Club, as it had become known, celebrated its 50th ceremony. Information technology was the second site to make it on the National Registry of Historic Places in Florida, Bolin said.

Jackie and John Remington, along with Lu and Bolton Drackett, took ownership of the camp afterwards the Norrises and sold it to the Donahue family in 1992.

After the belongings changed hands a few times, the cottages were torn downwards and the original Keewaydin Club was demolished and rebuilt elsewhere on the island, knocking Keewaydin off the National Registry of Celebrated Places.

Bolin is concerned near the hereafter of Keeywaydin. She hopes that if someone builds on the Donahue property, the builder will keep its history and the environment in mind.

"It's just a smashing piece of our history," she said. "It's just sad. Unless you keep it in front of people'due south face, they forget and they don't know."

Previous coverage of Keewaydin Island and Gordon Pointe:

• Revised programme for dock near Gordon Laissez passer calls for earthworks new culvert
• Biden family unit buys Naples Keewaydin Island home, acreage
• Private boat basin in Naples Bay well-nigh Gordon Laissez passer wins Metropolis Council approving

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Source: https://www.naplesnews.com/story/money/real-estate/2017/03/03/70-acres-beachfront-property-keewaydin-island-gordon-pointe-could-up-sale/98686366/

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